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nondepository trust company

Spanish translation: entidad fiduciaria no depositaria.

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:nondepository trust company
Spanish translation:entidad fiduciaria no depositaria.
Entered by: Clarisa Moraña
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20:14 Dec 18, 2000
English to Spanish translations [Non-PRO]
Bus/Financial
English term or phrase: nondepository trust company
no depositario???

Despite stepped-up government efforts to prevent illegal ownership of U.S.-based banks, a confidential state banking probe has concluded that a prominent financier secretly controlled the now-defunct xxx Bank.
The report also charges that the banker used fake transactions from the nondepository trust company to fool regulators about the health of his failing financial empire.
buceo
entidad fiduciaria no depositaria.
Explanation:
"trust" es fiduciario en este caso.
Creo que corresponde aclarar que se trata de una entidad "no depositaria", es decir que no recibe depósitos, sólo presta dinero y administra fondos.
Saludos,

Clarisa
Selected response from:

Clarisa Moraña
Argentina
Local time: 22:01
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
naentidad fiduciaria no depositaria.
Clarisa Moraña
nasociedad de inversiones
Barbara Thomas


  

Answers


6 hrs
sociedad de inversiones


Explanation:
Eurodicautom indicates that "trust company" is a "sociedad de inversiones". Nondepository simply means that the company does not serve as a depository for the holdings.

North Carolina offers the following definitions of "trust companies".
SECTION .0300 TRUST DEPARTMENT
.0301 DEFINITIONS
As used in this Section, the following definitions apply:
(1) The term "trust business" shall be construed to mean the business of settling estates, administering trusts and guardianships and performing agencies in all appropriate cases for individuals; partnerships; associations; business corporations; public, educational, social, recreational, and charitable institutions; and units of government.
(2) The term "trust" shall be construed to include, where the text does not indicate to the contrary, all property held by the trust department of a bank in a fiduciary capacity.
(3) "Fiduciary" means a bank undertaking to act alone or jointly with others primarily for the benefit of another in all matters connected with its duties and responsibilities as trustee executor, administrator, registrar of stocks and bonds, guardian of estates, assignee, receiver, committee of estates of lunatics, managing agent, and any other similar capacity.
(4) "Managing agent" means the fiduciary relationship assumed by a bank upon the creation of an account which confers investment discretion on the bank and which imposes upon it the fiduciary responsibilities imposed upon executors, administrators, guardians, or trustees under will or deed, but as to which the technical legal relationship is that of agent and principal.
(5) The term "bank" shall be construed to include, where the text does not indicate to the contrary, any bank or nondepository trust company acting as fiduciary.




    Reference: http://www.banking.state.nc.us/rules/t0403d03.htm
Barbara Thomas
United States
Local time: 20:01
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 306
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9 hrs
entidad fiduciaria no depositaria.


Explanation:
"trust" es fiduciario en este caso.
Creo que corresponde aclarar que se trata de una entidad "no depositaria", es decir que no recibe depósitos, sólo presta dinero y administra fondos.
Saludos,

Clarisa

Clarisa Moraña
Argentina
Local time: 22:01
Native speaker of: Native in SpanishSpanish
PRO pts in pair: 869
Login to enter a peer comment (or grade)




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